MCC's Public-Private Partnership Platform
![](https://webarchive.library.unt.edu/web/20170119114959im_/https://assets.mcc.gov/images/remote/https_assets.mcc.gov/images/graphic-2015017172201-p3-platform-africa-graphic.gif)
Announced in July 2015, the Millennium Challenge Corporation’s Public-Private Partnership (P3) Platform includes a commitment of $70 million in MCC grants to support P3 in partner countries. This commitment is expected to bring $1 billion in private-sector investments over the next five years.
In Africa alone, $52 million in MCC grants is expected to generate $750 million in investments from the private sector.
A lack of funding and expertise often prevents governments in developing countries from entering into partnerships with private companies. The P3 Platform will help bridge that gap.
MCC's P3 Platform will:
- Leverage MCC’s focus on policy and institutional reforms to help MCC partner countries create the conditions for private sector investment.
- Bring financially viable public-private partnership projects to market that meet international standards for technical feasibility, financial structuring and social and environmental safeguards.
- Compile a comprehensive, coordinated package of tools and resources on financing, technical assistance, and technology transfer from U.S. Government agencies to support the preparation of selected P3 projects – including the U.S. Trade and Development Agency (USTDA), U.S. Agency for International Development (USAID), Overseas Private Investment Corporation (OPIC), U.S. Department of State, U.S. Department of Commerce, U.S. Department of Agriculture (USDA), and U.S. Department of Energy.
- Unlock investment and growth opportunities for U.S. companies in MCC’s partner countries, and catalyze critical financing that will advance MCC’s mission of reducing global poverty.
MCC partner countries will prepare bankable projects and select investors through an open, competitive selection process. The new Platform will support partner countries in P3 project preparation in areas that directly support the objectives of MCC compacts.
Strengthening the Future of Development
Development needs in Africa and around the world will not be met by foreign assistance alone. At the 2015 Conference on Financing for Development in Addis Ababa, there was widespread recognition that official development assistance must increasingly catalyze other resources to finance development – including private-sector investment.
MCC believes that the key to unleashing growth potential in its partner countries is through active engagement and collaboration with the private sector, particularly in infrastructure.
The infrastructure investment gap in developing countries constrains global growth. Governments across the developing world seek to leverage private capital to fill this gap, but private investment in infrastructure is constrained by a lack of operationally feasible and financially viable infrastructure transactions and weaknesses in the investment climate in developing countries.
MCC provides targeted grants designed to create measurable economic growth opportunities and incentivize better governance and open markets. This approach makes development assistance more effective, improves the lives of the world’s poor, and opens new markets for business.